Is Greenlam Industries Ltd (GREENLAM) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Greenlam Industries Ltd is a average quality company .

Is Greenlam Industries Ltd (GREENLAM) undervalued or overvalued?

The key valuation ratios of Greenlam Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Greenlam Industries Ltd (GREENLAM) share price return in the past 10 years?

Greenlam Industries Ltd share price has appreciated 14.4% annually (CAGR) over the past ten years.

Is Greenlam Industries Ltd (GREENLAM) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Greenlam Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Greenlam Industries Ltd (GREENLAM)?

Company share prices are keep on changing according to the market conditions. The current trading price of Greenlam Industries Ltd (GREENLAM) on 10-Apr-2026 16:59:59 at 16:59 is 219.10.

What is the market cap of Greenlam Industries Ltd (GREENLAM)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Greenlam Industries stood at Rs. 5590.29 Cr.

What is the P/E ratio of Greenlam Industries?

The latest standalone P/E ratio of Greenlam Industries as of 10-Apr-2026 is 43.00.

What is the P/B ratio of Greenlam Industries Ltd (GREENLAM)?

The latest standalone P/B ratio of Greenlam Industries Ltd (GREENLAM) as of 10-Apr-2026 is 4.59.

What is the 52-week high and low of Greenlam Industries Ltd (GREENLAM)?

The 52-week high of Greenlam Industries Ltd (GREENLAM) is Rs. 279.10 and the 52-week low is Rs. 198.20.

What is the TTM revenue of Greenlam Industries Ltd (GREENLAM)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greenlam Industries is Rs. 2320.13 (Cr.).

Greenlam Industries Ltd (GREENLAM) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Greenlam Industries Ltd (GREENLAM)
Brand: Greenlam Industries

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	16%	17.3%	19%	18.9%	17.4%	14%	14.6%	14.8%	12.7%	8%	-
Value Creation Index ⓘ	0.1	0.2	0.4	0.4	0.3	-0	0.1	0.1	-0.1	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,030	1,076	1,145	1,281	1,321	1,200	1,703	2,026	2,306	2,569	2,870
Sales YoY Gr.	-	4.5%	6.4%	11.9%	3.1%	-9.2%	42%	18.9%	13.8%	11.4%	-
Adj EPS ⓘ	1.7	2.2	2.7	3.2	3.6	3.5	3.8	5	5.4	2.6	0.7
YoY Gr.	-	31.5%	23.5%	20.9%	9.6%	-2.5%	10.1%	29.9%	9.7%	-51.4%	-
BVPS (₹) ⓘ	10.2	12.4	14.8	17.8	20.7	23.8	27.1	37.7	42.2	44.2	44.5
Adj Net Profit ⓘ	39.8	52.4	64.7	78.3	85.6	83.5	92.1	126	138	67.4	19
Cash Flow from Ops. ⓘ	116	185	109	64.1	96.3	213	71.2	169	194	205	-
Debt/CF from Ops. ⓘ	3.2	1.6	2.3	4.2	3.1	1.2	4.9	3.4	5.2	5.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.7%	14.2%	14.7%	11.4%
Adj EPS ⓘ	5.4%	-5.8%	-11.5%	-51.4%
BVPSⓘ	17.7%	16.3%	17.7%	4.6%
Share Price	14.4%	17.9%	12.5%	0.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	17.1	19.3	19.8	20	18.4	15.6	15	15.6	13.6	6.1	1.7
Op. Profit Mgn % ⓘ	12.9	13.2	13	12.5	13.6	14.6	11	11.5	12.9	10.8	9.8
Net Profit Mgn % ⓘ	3.9	4.9	5.7	6.1	6.5	7	5.4	6.2	6	2.6	0.7
Debt to Equity ⓘ	1.5	1	0.7	0.6	0.6	0.4	0.5	0.6	0.9	1	-
Working Cap Days ⓘ	171	157	148	149	165	189	143	144	144	139	68
Cash Conv. Cycle ⓘ	63	68	74	76	85	87	66	60	55	51	9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.68%

Debt to equity has declined versus last 3 years average to 0.95

Sales growth is good in last 4 quarters at 14.18%

Return on Equity has declined versus last 3 years average to 1.70%

Net Profit has been subdued in last 3 years -11.51%

	Standalone	Consolidated
TTM EPS (₹)	5.1	0.7
TTM Sales (₹ Cr.)	2,320	2,870
BVPS (₹) ⓘ	47.7	44.5
Reserves (₹ Cr.) ⓘ	1,192	1,110
P/BV ⓘ	4.59	4.92
PE ⓘ	43.00	296.10

From the Market
52 Week Low / High (₹)	198.20 / 279.10
All Time Low / High (₹)	30.10 / 330.82
Market Cap (₹ Cr.)	5,590
Equity (₹ Cr.)	25.5
Face Value (₹)	1
Industry PE ⓘ	34.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,030	1,076	1,145	1,281	1,321	1,200	1,703	2,026	2,306	2,569
Operating Expenses ⓘ +	900	937	996	1,122	1,142	1,026	1,516	1,793	2,012	2,295
Manufacturing Costs	40	44	47	53	50	49	76	96	112	136
Material Costs	537	567	598	688	670	602	944	1,079	1,087	1,227
Employee Cost	140	152	173	192	222	208	259	314	426	511
Other Costs ⓘ	183	174	177	189	200	168	237	304	386	421
Operating Profit ⓘ	130	138	149	159	178	173	187	233	295	275
Operating Profit Margin (%)	12.6%	12.9%	13.0%	12.4%	13.5%	14.4%	11.0%	11.5%	12.8%	10.7%
Other Income ⓘ +	3	3	2	2	4	8	7	18	22	11
Exceptional Items ⓘ	0	0	0	0	0	-12	-3	0	0	0
Interest ⓘ	35	29	18	17	22	17	14	23	44	65
Depreciation ⓘ	35	37	36	37	52	56	58	63	87	114
Profit Before Tax ⓘ	62	76	97	106	108	96	119	164	185	106
Tax ⓘ	25	26	32	29	22	22	29	36	47	38
Profit After Tax	38	50	65	77	87	74	91	129	138	68
PAT Margin (%)	3.7%	4.6%	5.6%	6.0%	6.6%	6.1%	5.3%	6.3%	6.0%	2.7%
Adjusted EPS (₹)	1.6	2.1	2.7	3.2	3.6	3.1	3.8	5.1	5.4	2.7
Dividend Payout Ratio (%)	6%	7%	9%	9%	11%	16%	16%	15%	15%	15%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	245	298	356	428	501	573	654	958	1,077	1,127
Share Capital ⓘ	12	12	12	12	12	12	12	13	13	26
Reserves ⓘ	233	286	344	416	489	561	642	945	1,064	1,101
Debt +	266	258	210	232	259	223	320	539	857	966
Long Term Debt	148	97	81	73	86	84	158	352	647	731
Short Term Debt	118	161	130	159	173	140	162	186	210	234
Minority Interest	0	0	0	0	0	0	1	0	-0	-2
Trade Payables	189	129	158	161	168	223	256	275	348	415
Others Liabilities ⓘ	171	106	99	106	177	152	145	263	444	393
Total Liabilities ⓘ	871	791	823	927	1,104	1,172	1,376	2,035	2,726	2,899
Fixed Assets
Net Fixed Assets ⓘ +	353	324	331	330	429	413	468	506	984	1,748
Gross Block	539	543	583	619	767	798	908	1,008	1,559	2,431
Accumulated Depreciation	186	219	253	289	338	385	441	502	575	683
CWIP ⓘ	4	5	1	22	17	18	9	380	611	28
Investments ⓘ	0	0	0	0	0	106	161	242	147	56
Inventories	247	228	256	308	371	378	503	513	609	665
Trade Receivables	184	158	171	177	138	135	129	143	151	157
Cash Equivalents	5	8	10	11	31	19	16	16	33	43
Others Assets ⓘ	77	67	55	81	119	102	91	235	190	203
Total Assets ⓘ	871	791	823	927	1,104	1,172	1,376	2,035	2,726	2,899

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	116	185	109	64	96	213	71	169	194	205
PBT ⓘ	62	76	97	106	108	108	122	164	185	106
Adjustment ⓘ	63	69	51	61	78	57	68	69	118	179
Changes in Working Capital ⓘ	4	55	-8	-68	-60	73	-85	-28	-62	-30
Tax Paid ⓘ	-13	-14	-31	-35	-30	-26	-33	-35	-47	-50
Cash Flow From Investing Activity ⓘ +	-53	-22	-38	-57	-54	-154	-136	-535	-527	-167
Capex	-52	-24	-38	-57	-55	-50	-85	-466	-633	-266
Net Investments	0	0	0	-0	0	-106	-54	-81	95	91
Others ⓘ	-1	2	1	0	1	2	3	12	12	8
Cash Flow From Financing Activity ⓘ +	-63	-160	-69	-6	-22	-71	62	366	350	-28
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	195	0	0
Net Proceeds from Borrowing ⓘ	-4	-109	-15	-11	7	-13	74	194	364	35
Interest Paid ⓘ	-32	-29	-18	-17	-22	-17	-13	-23	-42	-66
Dividend Paid ⓘ	-1	-3	-4	-7	-17	0	-12	-14	-19	-21
Others ⓘ	-26	-19	-32	29	10	-41	14	14	47	23
Net Cash Flow ⓘ	-0	3	2	1	20	-12	-3	0	17	10

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	16.22	18.29	19.75	19.66	18.66	13.72	14.75	15.94	13.56	6.2
ROCE (%)	16	17.27	19.03	18.87	17.44	13.96	14.63	14.84	12.72	8.04
Asset Turnover Ratio	1.25	1.34	1.43	1.46	1.3	1.05	1.34	1.2	0.98	0.92
PAT to CFO Conversion(x)	3.05	3.7	1.68	0.83	1.1	2.88	0.78	1.31	1.41	3.01
Working Capital Days
Receivable Days	62	56	52	49	43	42	28	24	23	22
Inventory Days	81	78	76	80	94	114	94	91	88	90
Payable Days	127	102	87	85	90	118	92	90	105	113

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Greenlam Industries Ltd (GREENLAM) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Greenlam Industries Share Price